Daily Market Updates: New Zealand Dollar Slumps on RBNZ Surprise Rate Hold

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New Zealand Dollar Slumps on RBNZ Surprise Rate Hold

Reported · Written up by our desk · Major Pairs

The New Zealand dollar fell sharply against its US counterpart on Wednesday, following surprise decision of the New Zealand central bank to keep interest rates unchanged against expectations for 25 basis point rate hike. The pair was down 1.6% in immediate reaction to RBNZ decision, with signals from policymakers about further tightening in coming months, […] The post New Zealand Dollar Slumps on RBNZ Surprise Rate Hold appeared first on ActionForex .

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Action ForexNew Zealand Dollar Slumps on RBNZ Surprise Rate Hold

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New Zealand Dollar Slumps on RBNZ Surprise Rate Hold

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